1791 FBF: Prosperity in the Age of Decline, Preserve Wealth Through the Coming Business Cycles with Alan Beaulieu
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Today's Flash Back Friday is from episode 895 published last April 9, 2018.
Jason Hartman talks with Alan Beaulieu, President & Principal at ITR Economics and author of Prosperity in the Age of Decline, about what\u2019s going on in our economy when it comes to energy, inflation, and millennials. The two take a look at the difference between virtuous and non-virtuous inflation, how the millennials might respond to seeing actual inflation (and ways you can educate yourself about how times used to be different) and why you should be excited about the things that are coming. Alan also gives his thoughts on the recent tariffs and tax reform.
Key Takeaways:
Intro:
[5:20] What the Icehotel Art Suites are like
[7:52] Join Jason in Philadelphia
Alan Beaulieu Interview:
[11:54] What\u2019s coming in the economy next
[13:54] What is \u201cvirtuous\u201d and \u201cnon-virtuous\u201d inflation?
[16:56] In 12 years there will be 30 million more people drawing down on Medicaid and Social Security
[21:03] Every single industry is having problems finding enough people, so the future isn\u2019t as bleak as you might think
[24:28] The 5 sources of inflation
[28:03] We\u2019re in a golden age with stable energy
[30:17] The 3 reasons Alan\u2019s excited about where we\u2019re headed
Website:
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